Bank of South Carolina Corporation Announces Third Quarter Earnings

CHARLESTON, S.C., Oct. 13, 2022 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,840,267, or $0.33 basic and diluted earnings per share, respectively, for the quarter ended September 30, 2022 – an increase of $113,330, or 6.56%, from earnings for the quarter ended September 30, 2021 of $1,726,937, or $0.31 and $0.30 basic and diluted earnings per share, respectively. Unaudited earnings for the nine months ended September 30, 2022 decreased $358,341, or 6.88%, to $4,847,355 compared to $5,205,696 for the nine months ended September 30, 2021. Annualized returns on average assets and average equity for the nine months ended September 30, 2022 were 0.98% and 14.11%, respectively, compared with September 30, 2021 annualized returns on average assets and average equity of 1.23% and 12.64%, respectively.

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